Rob Bygrave, the CFO of Klapton confirms that Bloomfield Investment Corporation have increased the international scale short term rating of Klapton from A1- (stable) to A1- (positive). The long-term rating remains at BB stable. Both ratings are at investment grade level. Within their report, Bloomfield highlighted several factors which affected their decision to improve the […]
Klapton approves 2020 Financial Statements
Rob Bygrave, the CFO, confirmed that on 2nd July 2021, the Board of Klapton approved the 2020 Financial Statements after the conclusion of the audit by SECC, a leading West African audit firm. Mr Bygrave said it was a testament to the strong procedures and controls implemented in the Klapton Finance Team, which enabled the […]
Klapton announces a strong start to 2021
Premium levels rise 82% when compared to Q1 2020 period The Klapton Board were presented with the Q1 2021 results which showed a significant increase in GWP on the 2020 results. Premiums written were €10.9m compared to €6.0m in Q1 2020 (a rise of 82%) and were also €1.4m above the forecast results. The growth […]
Klapton launches bespoke insurance/reinsurance system with Powersoft
In Q2 2021, Klapton went live with their new insurance/reinsurance system which has been bespoke designed by a highly regarded UK software house, Powersoft Computer Services Ltd. The Klapton CFO, Rob Bygrave, who led the project (alongside Klapton’s CTO, Justin Tuson) said that the implementation of the system was vital to support the continued growth […]
Klapton approves 2019 Financial Statements
Rob Bygrave, the CFO of Klapton announced that that the 2019 Financial Statements have been approved by the Board. For the third consecutive year, SECC, a leading West African audit firm have issued a clean audit report in respect of these Financial Statements. Mr Bygrave stated that these Financial Statements reflect a significant, but expected […]
Klapton’s Q1 2020 results
Premium levels significantly exceeding both the forecast and 2019 Klapton reported a strong performance for Q1 2020, with premium levels significantly exceeding both the forecast and 2019. Gross written premium for the quarter was €6.0m, compared to the forecast of €3.9m and 2019 €1.8m. This growth has been achieved with important contributions across all regions […]
Klapton Reinsurance Brokers Kenya is open for business
Rob Bygrave, the CFO for Klapton, met the new team at the Anglophone regional hub in Nairobi, Kenya.The team is headed by Chris Kiragu as CEO, an experienced insurance professional…
Klapton approves 2018 Financial Statements
Rob Bygrave, the CFO of Klapton announced that the 2018 Financial Statements have been approved by the Board. This is after completion of the audit, signed off for the second year running with a clean audit report by SECC, a leading West African audit firm. Mr Bygrave commented that the Financial Statements showed a 2.5% […]
Bloomfield affirmed our rating for another year
“Rob Bygrave, the CFO of Klapton confirms that Bloomfield Investment Corporation have affirmed the investment grade credit rating of Klapton for another year. The rating remains at A1- short term and BBB+ long term (with stable outlook). Mr Bygrave commented that in their report Bloomfield had made specific reference to Klapton’s commitment to improving the […]
Klapton Management Africa – a new reinsurance brokerage servicing the CIMA region
Klapton Insurance Company Limited is pleased to announce a new partnership with Klapton Management Africa (KMA), which recently received its international reinsurance brokerage licence from the Cote d’Ivoire regulator. Although KMA will operate Pan-Africa, it is specifically targeting the CIMA region as its main source of business. KMA is expected to produce a significant flow […]